Can I retire at age 53 with 356,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $356,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%14.5%
1 years$29,398$29,136$28,881$28,631$28,388$27,860
2 years$14,554$14,282$14,020$13,765$13,518$12,989
3 years$9,606$9,334$9,072$8,819$8,576$8,061
4 years$7,133$6,861$6,602$6,354$6,117$5,620
5 years$5,649$5,379$5,123$4,880$4,650$4,173
6 years$4,660$4,393$4,140$3,903$3,679$3,223
7 years$3,954$3,689$3,441$3,209$2,992$2,557
8 years$3,425$3,162$2,918$2,692$2,482$2,067
9 years$3,014$2,753$2,513$2,293$2,091$1,696
10 years$2,685$2,427$2,191$1,976$1,781$1,406
11 years$2,416$2,160$1,929$1,720$1,532$1,176
12 years$2,192$1,939$1,712$1,509$1,328$991
13 years$2,003$1,752$1,530$1,332$1,158$839
14 years$1,840$1,593$1,374$1,182$1,015$714
15 years$1,700$1,455$1,241$1,054$893$610
16 years$1,577$1,335$1,125$944$790$523
17 years$1,469$1,230$1,024$848$700$449
18 years$1,373$1,136$934$765$623$387
19 years$1,287$1,053$855$691$555$334
20 years$1,210$978$785$626$496$289
21 years$1,140$911$722$568$444$250
22 years$1,077$851$666$516$398$216
23 years$1,019$796$615$470$357$188
24 years$966$746$568$429$321$163
25 years$918$700$526$392$289$142
26 years$873$658$488$358$260$123
27 years$832$619$453$328$234$107
28 years$793$583$421$300$212$93
29 years$758$550$392$275$191$81
30 years$725$520$365$253$173$71
31 years$694$491$341$232$156$62
32 years$665$465$318$213$141$54
33 years$638$440$297$196$128$47
34 years$612$417$277$180$116$41
35 years$588$396$259$166$105$36
36 years$565$375$242$153$95$31
37 years$544$357$227$141$86$27
38 years$524$339$213$130$78$24
39 years$505$322$199$120$71$21
40 years$487$307$187$111$64$18
41 years$470$292$175$102$58$16
42 years$453$278$164$94$53$14
43 years$438$265$154$87$48$12
44 years$423$252$145$80$43$10
45 years$409$241$136$74$39$9
46 years$396$230$128$68$36$8
47 years$383$219$120$63$33$7
48 years$370$209$113$58$30$6
49 years$359$200$106$54$27$5
50 years$348$191$99$50$24$5

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 53 starting with $356,000, adding $3,896 every year, while hoping to spend $24,438 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 34/47/19 Blend
52$356,000$356,000$356,000$356,000
53$396,331$377,463$371,945$407,377
54$410,755$369,957$358,403$408,345
55$425,831$361,264$343,589$406,851
56$441,600$351,300$327,433$404,729
57$458,106$339,976$309,865$401,937
58$475,396$327,199$290,809$398,431
59$493,523$312,868$270,188$394,168
60$512,543$296,879$247,919$389,099
61$532,516$279,120$223,918$383,177
62$553,508$259,472$198,095$376,350
63$575,592$237,813$170,358$368,567
64$598,846$214,009$140,608$359,771
65$623,355$187,922$108,745$349,907
66$649,212$159,405$74,663$338,916
67$676,518$128,302$38,250$326,739
68$705,383$94,449$0$313,311
69$735,928$57,673$0$298,694
70$768,284$17,790$0$290,982
71$802,595$0$0$282,370
72$839,019$0$0$285,948
73$877,726$0$0$299,556
74$918,905$0$0$314,062
75$962,761$0$0$329,541
76$1,009,520$0$0$346,079
77$1,059,427$0$0$363,765
78$1,112,754$0$0$382,700
79$1,169,796$0$0$402,994
80$1,230,877$0$0$424,768
81$1,296,354$0$0$448,154
82$1,366,618$0$0$473,297
83$1,442,097$0$0$500,357
84$1,523,261$0$0$529,508
85$1,610,627$0$0$560,944
86$1,704,762$0$0$594,875
87$1,806,290$0$0$631,533
88$1,915,893$0$0$671,175
89$2,034,326$0$0$714,079
90$2,162,413$0$0$760,554
91$2,301,064$0$0$810,939
92$2,451,277$0$0$865,607
93$2,614,150$0$0$924,968
94$2,790,890$0$0$989,473
95$2,982,826$0$0$1,059,616
96$3,191,418$0$0$1,135,945
97$3,418,274$0$0$1,219,059
98$3,665,161$0$0$1,309,619
99$3,934,024$0$0$1,408,352
100$4,227,004$0$0$1,516,058